More

    Secure Logistics Group – Result of Book Building

    Secure Logistics Group becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX).

    The issue size of PKR 600 mn was oversubscribed with a strike price of PKR 12/share.

    Well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals (24%).

    Amongst institutions, financial institutions & mutual funds contributed 27%  while Corporates & Others (49%).

    Pre-IPO capital raise was PKR 585 mn led by existing institutional shareholders i.e. Saudi Bugshan Group and Karandaaz Pakistan translating into a total capital raise of PKR 1.19 bn

    Arif Habib Limited was the lead manager and bookrunner for the issue.

    Also Read: Secure Logistics Group Ltd’s Book Building Starts from 27th March

    Latest articles

    Farooq Naseem, Chairman & CEO DWP Group, Inspires Future Leaders at UMT

    Farooq Naseem, Chairman and CEO of DWP Group, delivered a keynote address at the University of Management and Technology (UMT), Lahore, for its flagship...

    Emirates Pakistan, Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

    Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the Consulate of Italy in Karachi to seamlessly facilitate diplomatic...

    Burhan Mirza The Coach360: How He’s Transforming Careers as a Business Consultant

    Who in Pakistan’s IT industry doesn't know Burhan Mirza? Yes, the one who actively invests in startups, has launched multiple companies, etc. But apart...

    Skills360, FUUAST Sign MoU to Empower Students with Industry-Ready Skills

    Skills360 Pakistan, an education & development venture under the umbrella of The Coach360, co-founded by Burhan Mirza has entered into a Memorandum of Understanding (MoU) with the Federal...

    Related articles